Institutions urge action by food companies on water management

first_imgThe largest asset owner signatory, the $191.4bn California State Teachers’ Retirement System (CalSTRS), said that water management could have a “material impact” on portfolio value.Referencing the ongoing drought hitting the western US, the fund’s director of corporate governance, Anne Sheehan, said: “In California, we are keenly aware of how water scarcity can impact lives and businesses, as our state struggles to manage a depleting water supply.”Hervé Guez, director of research at asset management signatory Mirova added: “Better disclosure of water risks is the first step, but ultimately we’d like to see the companies in our portfolios moving from risk to opportunity with innovative water management strategies.”Water management has gradually risen in prominence as a matter to be tackled by institutions. Sweden’s AP4 in July tendered a water scarcity equity mandate.Additionally, investors including the Norwegian Government Pension Fund Global and the California Public Employees’ Retirement System have previously spoken of the advantages of greater transparency over water management, and asset owners have been urged to set a more proactive tone when engaging over water risk.Read more about why asset owners should monitor water risk,WebsitesWe are not responsible for the content of external sitesLink to letter organised by US Interfaith Center on Corporate Responsibility Investors worth $2.6trn (€2.3trn) are urging over a dozen of the world’s largest food companies to better assess risks associated with water management, stemming both from direct operations and supply chains.Backed by 60 institutions, including the £5bn (€6bn) Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) and BT Pension Scheme-owned Hermes Investment Management, the letter urged companies to tackle the risks it argued were having a “profound near-term business impacts”.It added that the risks could increase capital expenditure and operating costs, thus putting future revenue at risk.As a result, it asked for the firms – including Kraft Heinz, Fresh Del Monte Produce and drinks manufacturer Dr Pepper Snapple – to disclose if the board was responsible for water management and what steps were taken to monitor the water usage of suppliers.last_img read more

Headache for EPL coaches as AFCON returns to January

first_img The decision leaves a host of Premier League clubs, including Liverpool, without some of their star players for up to six matches. Liverpool, for example would be without their star men Sadio Mane and Mohamed Salah, who represent Senegal and Egypt respectively. They would not be the only notable absentees either; with Naby Keita set to head to the tournament should Guinea qualify. Arsenal would also be in trouble, with striker Pierre-Emerick Aubameyang representing Gabon. Nicolas Pepe could reach the tournament with the Ivory Coast, too. Read AlsoTension as CAF set to move AFCON 2021 kick-off date Nigerian players whose managers will have to ways of covering up until they return from the Nations cup includeLeon Balogun (Brighton) Alex Iwobi (Everton) Wilfred Ndidi (Leicester)and Kelechi Iheanacho (Leicester) FacebookTwitterWhatsAppEmail分享 Coach of table toppers Liverpool, Jurgen Klopp could be handed a selection headache next January, with the Africa Cup of Nations moving back to a January start date. The tournament was moved to the summer months following a decision by their executive committee in 2017 with the 2019 staging taking place in Egypt from June into July. However, after just one tournament there is talk of it being switched back to its original January-February format for Cameroon 2021. Reports on Wednesday suggested that the topic would be discussed when the executive committee meet in Yaounde, Cameroon, and president of the Confederation of African Football (CAF) Ahmad Ahmad has hinted that the move would be preferable. According to Ahram Online, this is due to the temperature and weather being more favourable in the earlier part of the year, while it would also appease FIFA by no longer clashing with the revamped Club World Cup which is due to kick-off in 2021. Leicester city duo Kelechi Iheanacho and Wilfred Ndidi could be in action for NigeriaAdvertisement Loading… center_img Promoted ContentA Hurricane Can Be As Powerful As 10 Atomic BombsWhat Happens To Your Brain When You Play Too Much Video Games?6 Interesting Ways To Make Money With A DroneWho Is The Most Powerful Woman On Earth?The 10 Best Secondary Education Systems In The World6 Of The Best 90s Shows That Need To Come Back ASAPThe Models Of Paintings Whom The Artists Were Madly In Love With11 Most Immersive Game To Play On Your Table TopTop 10 Most Populated Cities In The WorldWhy Do So Many Digital Assistants Have Feminine Names & Voices?5 Of The World’s Most Unique Theme Parks10 Of The Dirtiest Seas In The Worldlast_img read more